
ST Control moved slightly lower to 5948. Time below that level could precede a test below 5860. Bulls would want to see 6022.50 exceeded. … [Continue reading]
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Posted on Written by Chart Prophet

ST Control moved slightly lower to 5948. Time below that level could precede a test below 5860. Bulls would want to see 6022.50 exceeded. … [Continue reading]
Posted on Written by Chart Prophet

On 3rd Jan I wrote 'I'm looking for Effective Buying (green) marked above 6022.5 (3mn Control) before considering new longs'. In Tuesday's session we saw the opposite, i.e. Effective Selling (red) marked below that level and currently ES is … [Continue reading]
Posted on Written by Chart Prophet

ES is currently printing above the 6022.50 Control in a stronger position. There was a dip below that Support during yesterday's session and most time was spent printing close to it. A Value Area generated above 6022.50 would be more convincingly … [Continue reading]
Posted on Written by Chart Prophet

ES opened RTH above the 6022.50 Control which puts it back in a strong position. This increases the odds that a price distribution which began in early November has just completed. If that is the case, and the next distribution is up, 6022.50 will … [Continue reading]
Posted on Written by Chart Prophet

On Thursday, ES generated a second Value Area below 5954. From note 12/31 'a Value Area below the 10day Control at 5954 would indicate lower'. In the ST, this is a weakened position. There was a dip lower yesterday to 5875 but ES may want to test the … [Continue reading]
Posted on Written by Chart Prophet

see note 12/31 on chart - looking for Effective Buying (green) marked above 6022.5 (3mn Control) before considering new longs. ST: On Tuesday ES generated a Value Area below 5954 (minor Control) but overnight has recovered - price back below that … [Continue reading]
Posted on Written by Chart Prophet

In the LT, price relative to 6022.5 (3mn Control) is important to monitor. I would want to see Significant and Effective Buying activity (green) marked above that level before considering new longs. In the ST, price printing time (i.e. a Value … [Continue reading]
Posted on Written by Chart Prophet

Chart is now March '25 contract.Recap - Significant Selling (red) was marked four times in the days prior to the sharp decline on 18th. I wrote on 10th Dec that 'Sellers are in Control of ST'. At the start of this week, price relative to 6022 is … [Continue reading]
Posted on Written by Chart Prophet

The front month has rolled to March but for the sake of my current analysis I'm sticking with the Dec contract this week. Please see previous, highlighted notes on chart. Last week Significant Selling (red) was marked three times and I wrote on … [Continue reading]
Posted on Written by Chart Prophet

The front month has rolled to March but for the sake of my current analysis I'm sticking with the Dec contract for today. Some small changes to yesterday's note. Minor Control is at 6061.50. ES may find this level attractive ahead of the Fed rate … [Continue reading]